Insider Selling: CorVel Co. (NASDAQ:CRVL) Chairman Sells 1,000 Shares of Stock

CorVel Co. (NASDAQ:CRVL) Chairman V Gordon Clemons sold 1,000 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $86.13, for a total value of $86,130.00. Following the completion of the transaction, the chairman now owns 1,807,146 shares in the company, valued at approximately $155,649,484.98. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

V Gordon Clemons also recently made the following trade(s):

  • On Wednesday, September 11th, V Gordon Clemons sold 1,000 shares of CorVel stock. The stock was sold at an average price of $82.18, for a total transaction of $82,180.00.
  • On Wednesday, September 4th, V Gordon Clemons sold 1,000 shares of CorVel stock. The shares were sold at an average price of $85.63, for a total transaction of $85,630.00.
  • On Thursday, August 29th, V Gordon Clemons sold 3,000 shares of CorVel stock. The stock was sold at an average price of $83.57, for a total transaction of $250,710.00.
  • On Wednesday, August 21st, V Gordon Clemons sold 1,000 shares of CorVel stock. The stock was sold at an average price of $85.45, for a total transaction of $85,450.00.
  • On Monday, August 19th, V Gordon Clemons sold 1,000 shares of CorVel stock. The shares were sold at an average price of $85.71, for a total transaction of $85,710.00.
  • On Tuesday, August 13th, V Gordon Clemons sold 2,000 shares of CorVel stock. The shares were sold at an average price of $88.15, for a total transaction of $176,300.00.
  • On Thursday, August 15th, V Gordon Clemons sold 3,000 shares of CorVel stock. The shares were sold at an average price of $87.08, for a total transaction of $261,240.00.
  • On Friday, June 14th, V Gordon Clemons sold 5,566 shares of CorVel stock. The stock was sold at an average price of $82.41, for a total transaction of $458,694.06.

Shares of NASDAQ:CRVL traded up $0.86 during midday trading on Wednesday, hitting $82.27. The company had a trading volume of 69,476 shares, compared to its average volume of 73,854. CorVel Co. has a twelve month low of $52.30 and a twelve month high of $93.96. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 33.74 and a beta of 0.73. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.70 and a quick ratio of 1.70. The business’s 50-day simple moving average is $85.82 and its 200-day simple moving average is $77.06.

CorVel (NASDAQ:CRVL) last released its quarterly earnings data on Tuesday, July 30th. The business services provider reported $0.71 earnings per share for the quarter. The company had revenue of $150.14 million for the quarter. CorVel had a return on equity of 24.76% and a net margin of 8.12%.

Several hedge funds and other institutional investors have recently bought and sold shares of CRVL. Stanley Laman Group Ltd. boosted its holdings in shares of CorVel by 1.4% in the 2nd quarter. Stanley Laman Group Ltd. now owns 10,508 shares of the business services provider’s stock valued at $914,000 after purchasing an additional 144 shares during the last quarter. Texas Permanent School Fund boosted its position in CorVel by 3.1% during the first quarter. Texas Permanent School Fund now owns 6,201 shares of the business services provider’s stock worth $405,000 after purchasing an additional 189 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in CorVel by 50.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 682 shares of the business services provider’s stock valued at $59,000 after purchasing an additional 229 shares during the last quarter. Quantamental Technologies LLC grew its holdings in CorVel by 74.3% during the first quarter. Quantamental Technologies LLC now owns 697 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 297 shares during the last quarter. Finally, Swiss National Bank grew its holdings in CorVel by 1.6% during the second quarter. Swiss National Bank now owns 19,100 shares of the business services provider’s stock valued at $1,662,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 47.71% of the company’s stock.

Separately, BidaskClub upgraded CorVel from a “buy” rating to a “strong-buy” rating in a report on Friday, July 19th.

About CorVel

CorVel Corporation provides workers' compensation solutions for employers, third party administrators, insurance companies, and government agencies seeking to control costs and promote positive outcomes. It applies technology, intelligence, and a human touch to the risk management process that enables its clients to intervene early and connected to the critical intelligence they need to proactively manage risk.

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